Bunim/Murray Productions, the reality powerhouse behind Keeping up With the Kardashians, is developing a docu-series based around the former mogul's daughters Skye Peters, 21, and Caleigh Peters, 23.

Titled The Peters Sisters, the series will follow the women as they move out from under the wings of their industryite parents (their mother is Christine Forsyth Peters, the ex-wife of Jon Peters and a film producer in her own right, with such credits as How to Lose a Guy in 10 Days).

The premise is Skye lives with her mother and Caleigh with her father in their respective Beverly Hills homes, and the young women decide to move out and find a place of their own. The parents will appear in the series.

Bunim/Murray's Jeff Jenkins, who serves as the executive producer on E!'s Keeping up With the Kardashians and several of its offshoots, will executive produce The Peters Sisters alongside Jonathan Murray and Gil Goldschein. The producers have begun shooting material around Los Angeles and will take the project out to networks in the coming weeks, with a half dozen outlets being eyed.

"I met Caleigh about two years ago and was immediately struck by how attractive, witty and unique she is, and then I met Skye who is equally beautiful but very different," says Jenkins. "Then I found out they are Hollywood royalty, and I was like, 'Oh my God, this is a reality series producer's dream.'"

Jenkins, who is also creator and executive producer of Mrs. Eastwood and Company, sees the series as in the vein of another one of his shows, the groundbreaking The Simple Life.

As for Jon Peters' contribution, Jenkins says audiences will be surprised by how funny the Man of Steel executive producer is. "I didn't know him, but I am blown away by his on-camera charisma," Jenkins adds. "He is a brilliant comedian."